PSA Q1 2021 Earnings — Public Storage Revenue & Financial Results | Market Cap Arena

PSAPublic Storage

$54B

Q1 2021 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$767M+6.7% YoY

Gross Profit

$539M70.2% margin

Operating Income

$372M48.5% margin

Net Income

$433M56.4% margin

EPS (Diluted)

$2.21

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$509M

Free Cash Flow

$473M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$12.0B

Total Liabilities

$3.4B

Stockholders' Equity

$8.6B

Cash & Equivalents

$160M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$767M	$719M	+6.7%
Gross Profit	$539M	$494M	+9.0%
Operating Income	$372M	$341M	+9.3%
Net Income	$433M	$366M	+18.3%

Revenue Segments

Self Storage Operations

$716M93%

Ancillary Operations

$51M7%